And then to put salt in the wounds, even if the loss is allowable, the investor may be subject to the Alternate Minimum Tax.A good Enrolled Agent may be able to sort out what is still possible today with the right entity structure and investment.

I know this is not answering your question, but is on a similar subject.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

It was a subject 2 deal and my mother lent me $20,000 for the purchase.

I know Kearny very well I understand it's close to the track and bulls stadium granted the subject property is closed to harrison. but what ever you decide to do please let us know I'm curious of you decision

I've been looking at a lot of multi family buildings here in NH, and since many of them are older homes that have been converted into apartments (2-4 units), many of which have common heating systems, so the rent includes heat.With a background in (commercial) energy management and utility billing systems, these seem like they can be good opportunities for me to go in, lower rent and recover utility costs (subject to existing leases of course).

IMO, the income approach is far less subjective and sensitive to community / neighborhood issues as the rents substantiate the value.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.  

You are in the upper part of the country, so you may want to market/list the property inmajor Canadian cities near your subject home (within Craigslist_if available, hospital community boards_ lunch rooms, major & prestigious Universities, and prestigious employer community bulletin boards.)